| 22 | | - | thereunder, no municipality shall: 4 |
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| 23 | | - | (1) Place a lien on real property that is a principal residence of a 5 |
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| 24 | | - | taxpayer age sixty or older for delinquent taxes equaling eight per cent 6 |
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| 25 | | - | or less of the property's assessed value; 7 |
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| 26 | | - | (2) Assess (A) interest on delinquent property taxes for such property 8 |
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| 27 | | - | that exceeds the U.S. prime rate as reported by the Wall Street Journal 9 |
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| 28 | | - | or twelve per cent per annum, whichever is lower, or (B) legal fees, 10 |
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| 29 | | - | penalties or other fees associated with collection of delinquent taxes on 11 |
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| 30 | | - | such property that exceed twenty per cent of taxes due at the time of 12 |
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| 31 | | - | settlement; or 13 |
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| 32 | | - | (3) Sell, assign or transfer a lien on such property to a third party 14 |
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| 33 | | - | unless taxes have been delinquent on such property for not less than 15 |
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| 34 | | - | four years. 16 Substitute Bill No. 6553 |
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| 28 | + | thereunder, no municipality shall place a lien on real property that is a 4 |
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| 29 | + | principal residence of or integral to a business owned by a taxpayer age 5 |
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| 30 | + | fifty or older for delinquent taxes unless taxes owed exceed fifteen per 6 |
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| 31 | + | cent of the property's assessed value. 7 |
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| 32 | + | (b) Notwithstanding any other provision of the general statutes, or 8 |
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| 33 | + | policies, rules or regulations promulgated thereunder, a municipality 9 |
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| 34 | + | shall not (1) assess interest on delinquent property taxes that exceeds the 10 |
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| 35 | + | annual rate of inflation as determined by the National Consumer Price 11 |
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| 36 | + | Index, or (2) impose legal fees, penalties or other fees associated with 12 |
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| 37 | + | collection of such delinquent taxes that exceed twenty per cent of taxes 13 |
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| 38 | + | due at the time of settlement, on real property that is a principal 14 |
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| 39 | + | residence of or integral to a business owned by a taxpayer age fifty or 15 Raised Bill No. 6553 |
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| 41 | | - | Sec. 2. (NEW) (Effective October 1, 2021) A municipal tax collector shall 17 |
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| 42 | | - | annually include in a mailing concerning taxes to be collected from a 18 |
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| 43 | | - | real property owner a notice that a taxpayer age sixty or older may (1) 19 |
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| 44 | | - | notify the tax collector of his or her age and eligibility for the provisions 20 |
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| 45 | | - | of section 1 of this act, and (2) designate a third party to receive notice 21 |
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| 46 | | - | whenever such taxpayer becomes delinquent on payment of real 22 |
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| 47 | | - | property taxes or water or sewer use assessments. Such notice shall 23 |
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| 48 | | - | include forms for such notification and designation and any 24 |
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| 49 | | - | documentation requirements concerning the age of the taxpayer 25 |
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| 50 | | - | prescribed by the tax collector. 26 |
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| 43 | + | LCO No. 3832 2 of 2 |
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| 44 | + | |
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| 45 | + | older. 16 |
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| 46 | + | (c) For purposes of this section, real property that is integral to a 17 |
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| 47 | + | business owned by a taxpayer age fifty or older, includes, but is not 18 |
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| 48 | + | limited to, (1) real property that is used to conduct fifty per cent or more 19 |
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| 49 | + | of a business from which the taxpayer earns fifty per cent or more of his 20 |
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| 50 | + | or her adjusted gross income as determined for purposes of the federal 21 |
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| 51 | + | income tax, or (2) real property that is zoned for business use by the 22 |
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| 52 | + | taxpayer. 23 |
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| 57 | | - | Statement of Legislative Commissioners: |
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| 58 | | - | In Section 1(1) "unless taxes owed exceed eight per cent" was changed |
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| 59 | | - | to "equaling eight per cent or less" for clarity and in Section 2 "property |
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| 60 | | - | owner" was changed to "real property owner" and "property taxes" was |
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| 61 | | - | changed to "real property taxes" for accuracy and consistency. |
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| 62 | | - | |
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| 63 | | - | AGE Joint Favorable Subst. |
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| 58 | + | Statement of Purpose: |
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| 59 | + | To set limitations on tax liens on real property owned by taxpayers age |
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| 60 | + | fifty and older. |
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| 61 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except |
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| 62 | + | that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not |
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| 63 | + | underlined.] |
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